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3i Infotech zooms as its arm inks agreement to sell ‘3i Infotech Western Europe’

24 Dec 2014 Evaluate

3I Infotech is currently trading at Rs. 8.65, up by 0.98 points or 12.78% from its previous closing of Rs. 7.67 on the BSE.

The scrip opened at Rs. 8.05 and has touched a high and low of Rs. 8.95 and Rs. 8.05 respectively. So far 652109 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.59 on 13-Jun-2014 and a 52 week low of Rs. 5.97 on 07-May-2014.

Last one week high and low of the scrip stood at Rs. 8.95 and Rs. 7.01 respectively. The current market cap of the company is Rs. 449.56 crore.

The promoters holding in the company stood at 6.72 % while Institutions and Non-Institutions held 53.96 % and 39.32 % respectively.

3i Infotech’s step down subsidiary - 3i Infotech (Western Europe) Group, has signed an agreement to sell 3i Infotech (Western Europe) and 3i Infotech (Flagship-UK) (collectively referred to as 3i Infotech Western Europe) to Objectway Financial Software, which is a leading provider of wealth management and digital software solutions in EMEA. 3i Infotech Western Europe provides investment management software solutions to midmarket UK firms.

This sale is in line with the group’s strategy to sell its non-core assets / investments and use the additional cash generated from such sale to deleverage its balance sheet and for business purpose.

3i Infotech is a global Information Technology company committed to Empowering Business Transformation. A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management.

3I Infotech Share Price

17.40 0.09 (0.52%)
17-Apr-2026 16:59 View Price Chart
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